Awraq Investments www.awraq.com Tel: 962 6 550 ... - Menafn.com

Share Price Movement
8
7
6
5
4
3
2
1
0
1-Jan-08
18-Jan-08
4-Feb-08
21-Feb-08
9-Mar-08
26-Mar-08
12-Apr-08
29-Apr-08
16-May-08
2-Jun-08
19-Jun-08
6-Jul-08
23-Jul-08
9-Aug-08
26-Aug-08
12-Sep-08
29-Sep-08
16-Oct-08
2-Nov-08
19-Nov-08
6-Dec-08
23-Dec-08
9-Jan-09
26-Jan-09
12-Feb-09
1-Mar-09
18-Mar-09
Source: Bloomberg
JOEP JR Equity Amman Stock Exchange Index
6000
5000
4000
3000
2000
1000
0
Jordanian Electric Power Company (JEPCO)
JEPCO’s share price movement was the most volatile in 2008 compared to previous years. The share price recorded its highest level on July 13,
2008, closing at JD 7.41. Following the decline in regional and international stock prices as a result of the financial crisis, the share lost 63% of
its highest value by November 24, 2008, closing at JD 2.77. We believe that the rise in the share price was not related to the fundamentals of
the company, but was rather an effect of the regional boom in stock prices. The company’s announcement that it will be distributing dividends
had a positive impact on the share price. The share closed at JD 3.17 on March 18, 2009.
Figure 14: JEPCO’s Share versus Amman Stock Exchange Index
Figure 15: Jordanian Electric Power Company’s Share Price
Source: Bloomberg
Awraq Investments www.awraq.com Tel: 962 6 550 3803 Fax: 962 6 550 3801 Toll Free: 080022248 P.O. Box 925102 Amman 11110 Jordan
JD
8
7
6
5
4
3
2
1
0
Jordanian Electric Power Company
Annual High and Low Prices
1.77
1.11
2.77
1.76
4.06
2.77
3.64
2.39
4.15
2.44
7.41
2.77
3.21
2.95
2003 2004 2005 2006 2007 2008 2009
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